Punjab National Bank (PNB) has received board approval for a significant ₹3,400 crore investment plan aimed at enhancing its IT and artificial intelligence capabilities to address escalating cyber fraud risks. Managing Director Ashok Chandra announced the initiative, which includes hiring a consultant for generative AI projects focused on data analytics, predictive analytics, and cyber-risk management. This decision follows a meeting with Union Finance Minister Nirmala Sitharaman, emphasizing the need for banks to adapt to emerging threats like AI-enabled phishing. PNB also launched a Strategic Innovation Lab to train over 200 young engineers from prestigious institutions to bolster its technology capabilities.

In terms of financial performance, PNB reported a 14% increase in net profit for Q4 FY26, reaching ₹5,225 crore, despite facing challenges in mobilizing current and savings account deposits. The bank's domestic deposits grew by 9.1% year-on-year, with savings bank deposits contributing significantly. However, net interest income fell by 3.5%, reflecting pressures on margins due to slower adjustments in deposit rates compared to lending rates. Additionally, PNB's MSME advances surged by 19.9% to ₹1,95,027 crore, highlighting the bank's commitment to supporting small businesses amid evolving economic challenges.